White & Case Advises Nexif Energy on Australian Wind Farm Expansion

Global law firm White & Case LLP has advised Nexif Energy on the development and senior and structurally subordinated project financing for the expansion of Lincoln Gap Wind Farm in South Australia.

This phase of the project will add 86 MW of generating capacity to the 126 MW of capacity already under construction at the site, located just outside Port Augusta in South Australia. Nexif Energy is backed by Denham Capital, a global energy and resources private equity firm.

"Nexif's increased investment in Lincoln Gap Wind Farm further demonstrates support for the Australian renewable energy market by international developers," said White & Case partner Joel Rennie, who co-led the Firm's deal team. "Additional senior financing from the Clean Energy Finance Corporation and structurally subordinated financing from Westbourne Capital demonstrates the strong investment appetite of local financiers and investment funds to support well structured clean energy projects."

The Lincoln Gap Wind Energy Generation & Storage Project will, when complete, include 59 turbines and a 10MWhr battery storage system and be capable of generating 212 MW, producing enough energy to power 155,000 households in South Australia.

"Batteries and battery storage is a growth technology," said White & Case partner Adeline Pang who co-led the deal team. "The unsubsidised large scale grid-connected battery installed at Lincoln Gap is a market first for a greenfield wind development."

The White & Case team in Australia which advised on the transaction was led by partners Adeline Pang, Joel Rennie and Michelle Keen, with support from counsel Mark Montag and Anna O'Reilly and associates Kirsty Campbell, Isabella Jarrett, Alicia Jennison and Alena Kosmin.